The price perfectly fulfilled my previous idea. 
GBPAUD remains confined within a range below the descending trendline, where lower highs have formed consistent resistance. Price is currently rejecting the upper boundary and moving toward the trend support, aligning with a potential bearish continuation setup. If momentum persists, price could revisit the support zone and possibly extend toward the target area. Sellers may remain in control as long as price respects the descending structure and holds below key resistance.
📌 Key Levels
⚠️ Risks
GBPAUD remains confined within a range below the descending trendline, where lower highs have formed consistent resistance. Price is currently rejecting the upper boundary and moving toward the trend support, aligning with a potential bearish continuation setup. If momentum persists, price could revisit the support zone and possibly extend toward the target area. Sellers may remain in control as long as price respects the descending structure and holds below key resistance.📌 Key Levels
- Resistance zone: 2.0634
- Target level: 2.0350
- Invalidation level: Above 2.0881
⚠️ Risks
- Failed breakdown attempts from the range may cause price to retest resistance
- Fakeouts above 2.0634 could trap sellers
- Bullish reversal from trend support could invalidate the bearish setup
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.